Zhejiang Weiming Environment Protection Co., Ltd. (SHA: 603568)

Zhejiang Weiming Environment Protection Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	7,417	5,993	4,450	4,236	3,111	2,024
Other Revenue	31.96	31.96	24.17	53.15	12.55	13.84
Revenue	7,449	6,025	4,474	4,289	3,123	2,038
Revenue Growth (YoY)	29.12%	34.66%	4.31%	37.32%	53.25%	31.73%
Cost of Revenue	3,884	3,161	2,360	2,260	1,433	774.74
Gross Profit	3,565	2,864	2,113	2,029	1,690	1,263
Selling, General & Admin	286.82	256.42	200.01	142.93	113.41	114.52
Research & Development	113.39	99.87	84.51	60.71	60.15	34.27
Other Operating Expenses	37.86	-32.57	-28.08	-41.44	-22.8	-63.17
Operating Expenses	485.26	396.49	156.7	215.92	194.32	101.51
Operating Income	3,080	2,467	1,957	1,813	1,496	1,162
Interest Expense	-191.81	-176.69	-173.83	-63.7	-29.94	-44.81
Interest & Investment Income	38.09	33.56	25.37	11.23	7.33	8.04
Currency Exchange Gain (Loss)	6.72	6.72	4.4	0.02	-0.02	0
Other Non Operating Income (Expenses)	-102.14	-98.3	-82.44	-51.94	-58.67	-48.34
EBT Excluding Unusual Items	2,831	2,232	1,730	1,709	1,415	1,077
Gain (Loss) on Sale of Assets	0.01	-1.13	0.85	-0.06	-0.07	0.4
Asset Writedown	-11.17	-	-	-	-	-
Other Unusual Items	136.13	53.2	62	52.33	41.52	25.93
Pretax Income	2,956	2,284	1,793	1,761	1,456	1,103
Income Tax Expense	293	198.27	111.06	153.43	200.27	131.26
Earnings From Continuing Operations	2,663	2,086	1,682	1,608	1,256	971.82
Minority Interest in Earnings	-74.44	-37.74	-17.84	-2.63	1.51	2.57
Net Income	2,588	2,048	1,664	1,605	1,257	974.38
Net Income to Common	2,588	2,048	1,664	1,605	1,257	974.38
Net Income Growth	30.78%	23.09%	3.69%	27.65%	29.03%	31.66%
Shares Outstanding (Basic)	1,703	1,693	1,698	1,638	1,635	1,583
Shares Outstanding (Diluted)	1,721	1,721	1,716	1,672	1,635	1,603
Shares Change (YoY)	-1.78%	0.33%	2.62%	2.28%	1.94%	2.57%
EPS (Basic)	1.52	1.21	0.98	0.98	0.77	0.62
EPS (Diluted)	1.50	1.19	0.97	0.96	0.77	0.61
EPS Growth	33.15%	22.68%	1.04%	24.80%	26.58%	28.37%
Free Cash Flow	-108.44	52.34	-52.79	-1,169	-945.22	-346.32
Free Cash Flow Per Share	-0.06	0.03	-0.03	-0.70	-0.58	-0.22
Dividend Per Share	0.250	0.250	0.150	0.100	0.235	0.183
Dividend Growth	66.67%	66.67%	50.00%	-57.37%	27.85%	26.81%
Gross Margin	47.86%	47.53%	47.24%	47.31%	54.11%	61.99%
Operating Margin	41.35%	40.95%	43.74%	42.27%	47.89%	57.01%
Profit Margin	34.75%	34.00%	37.20%	37.42%	40.25%	47.81%
Free Cash Flow Margin	-1.46%	0.87%	-1.18%	-27.26%	-30.26%	-16.99%
EBITDA	3,684	3,014	2,427	2,067	1,707	1,347
EBITDA Margin	49.46%	50.02%	54.25%	48.19%	54.64%	66.10%
D&A For EBITDA	603.98	546.65	470.22	254.03	210.91	185.26
EBIT	3,080	2,467	1,957	1,813	1,496	1,162
EBIT Margin	41.35%	40.95%	43.74%	42.27%	47.89%	57.01%
Effective Tax Rate	9.91%	8.68%	6.19%	8.71%	13.75%	11.90%
Revenue as Reported	7,449	6,025	4,474	4,289	3,123	2,038
Advertising Expenses	-	0.31	0.57	0.24	0.89	0.16

Source: S&P Capital IQ. Standard template. Financial Sources.